PPCC: Pisitófilos Creditófagos. Verano 2023

[Cadavre Exquis]

https://www.eleconomista.es/opinion/noticias/12388224/07/23/el-regreso-a-la-realidad-economica-tras-la-campana-electoral.html

Saludos.

[Cadavre Exquis]

https://twitter.com/charliebilello/status/1684924808616701952

Saludos.

[Cadavre Exquis]

https://twitter.com/charliebilello/status/1685114672440061952

Saludos.

[Derby]

https://www.bloomberg.com/news/articles/2023-07-29/china-moves-to-bolster-consumer-industries-grow-fledging-bourse#xj4y7vzkg

China Moves to Bolster Consumer Industries, Grow Fledging Bourse[/size]

    Beijing aims to speed up light sector growth after slowdown
    Market maker rules likely to be eased for Beijing exchanged

China issued more measures to bolster economic growth, including a plan to boost consumer industries and steps to grow an exchange dedicated to helping small firms get access to funds.

The government wants to accelerate growth in the so-called light industry which covers items from home goods, food and paper-making to plastic products, leather and battery, according to a plan published Friday by three agencies including the Ministry of Industry and Information Technology.

Authorities aim to boost growth of the sector’s value added to an average of about 4% through the end of next year, after it slowed to just 0.4% in the first half, the MIIT said in a statement accompanying the release of the plan.

Also on Friday, the China Securities Regulatory Commission unveiled proposals to loosen limits on market makers of the Beijing Stock Exchange, including a 50% cut in the minimum net capital over the last 12 months to 5 billion yuan ($699 million) and an easing of their ratings requirement.

The move is intended to help the marketplace “maintain liquidity at a reasonable level,” the CSRC said in draft rules published Friday. The exchange was launched in late 2021 to broaden financing access for small firms and technology startups.

The measures followed a slew of policies the Chinese government has announced over the past few weeks to revive the economy’s waning post-Covid recovery. Growth momentum weakened in the second quarter as the property market slumped again after a brief rebound at the start of the year. Exports fell and consumer spending slowed, pushing the economy to the brink of deflation and further darkening the growth outlook.

At a key meeting earlier this week, China’s top leaders stopped short of promising strong monetary and fiscal stimulus. Instead, they signaled more support for the housing sector and a plan to address mounting local debt risks.

They also vowed to enliven the capital market in what is seen as an attempt to help improve business and household confidence.

The light industry, which contributes to more than a quarter of China’s exports and makes up 16% of national industrial value-added, is “key to stabilizing the traditional industry” given its massive size, importance for consumption, broad industry coverage and long supply chain, the MIIT said in its statement.

As part of efforts to stabilize exports, the government will support companies that are participating in international trade fairs, building overseas R&D centers and distribution networks, and strengthening research into markets related to the Belt and Road Initiative and the Regional Comprehensive Economic Partnership, the MIIT said.

It will also push for the China-Europe railway cargo express to carry more light industry goods, it added.

Officials in the domestic market will support sales of green and smart home goods in rural areas, and expand the use of battery products in electric cars, power storage and telecommunications, it said.

They will also guide the food industry to integrate with healthcare, tourism, entertainment and science promotion, it said. Funding support will be provided to make breakthroughs in sectors such as smart manufacturing, it said.

Separately, the State Tax Administration said new tax breaks worth 927.9 billion yuan were offered in the first half of the year, with 76% granted to private firms. Tax exemptions on new energy car purchases totaled 49.17 billion yuan in the period, up 44.1% on year, its officials said at a briefing Friday.

[Currobena]

https://twitter.com/charliebilello/status/1685114672440061952

Saludos.

Sabemos por cuantos años? Porque si cambia a variable a los cinco años 2024 va a ser muy movido.

[Derby]

Una cosa es confiar (que es necesario e importante, sobre todo en uno mismo) y otra es lo denominan los ingleses "wishful thinking" (un espejismo). Menuda castaña se avecina...

https://www.ft.com/content/a8c8fc91-4836-4731-b043-ad597d4f2152

Travellers hit the skies even as ticket prices and temperatures soar

Companies rely on ‘resilient consumer’ as post-pandemic cross-border spending jumps

Travellers determined to take to the skies despite soaring ticket prices have pushed airline profits to fresh heights, as resilient consumer spending buoys the global economy.

As they reported record profits on Friday, British Airways-owner IAG said trips across the Atlantic and to leisure destinations had been particularly popular “as customers prioritise holidays”, while Air France-KLM said high-spending holidaymakers were filling business class cabins.

The strong bookings — reported as temperatures hit new records and the UN secretary-general warned of “global boiling” — defied a sharp rise in air fares, which have risen about 30 per cent in Europe this year.

In the US, United reported a 42 per cent increase in revenue from flights to Europe in the latest quarter compared with the same period last year while Delta reported a 65 per cent surge in sales of transatlantic flights.

“Consumer spending has remained resilient with spend on experiences and travel remaining a focus,” said Mastercard chief executive Michael Miebach this week as the payments company reported that cross-border spending by its card users had reached 154 per cent of 2019 levels in the second quarter.

Royal Caribbean, one of the world’s largest cruise lines, on Thursday said its business was “firing on all cylinders” because of “exceptionally strong” demand for cruises and a “step change” in bookings and prices. 

Consumers’ willingness to spend in the face of higher prices and rising interest rates is raising hopes of the US avoiding a recession. US GDP growth accelerated to a better-than-expected 2.4 per cent in the second quarter, with a 1.6 per cent rise in consumer spending also surpassing expectations.

From Colgate-Palmolive to Coca-Cola, companies have this week reassured investors that the “resilient consumer” is still spending. UK cinemas have been at their busiest for four years as Barbie and Oppenheimer hit the screens last week. In the US, cinemas had their strongest opening weekends this year.

Although many households have retrenched, and the poorest have been hit hard by soaring food and energy costs, consumption has held up better than many had expected in the US, UK and eurozone.

“In numerous economies, consumers have not yet drained the stock of excess savings they accumulated during the pandemic; this could further sustain the recent strength in consumption,” the IMF said this week as it upgraded its outlook for global growth.

Blerina Uruci, chief US economist at T Rowe Price, cautioned that consumer spending could slow in the second half because Americans had spent most of the savings they accumulated early in the pandemic, employment growth is slowing and borrowers with student loans must resume repayments in the fourth quarter.

As labour markets have cooled and wage gains have slowed, some buyers are pulling back on their discretionary spending, from furnishings to hot tubs to luxury goods.

Some within the travel industry are warning that the industry boom must end. Heathrow’s boss John Holland-Kaye questioned how long people would be able to pay “extremely high” ticket prices. “Our concern is that demand cannot defy gravity forever,” he said.

P.D. Estoy revisitando Asimov con la serie televisiva Foundation donde aparece el interesante concepto de la "psico-historia", una pseudociencia que proclama su capacidad para prever el comportamiento colectivo. En su día, ya me pareció fascinante...ahora me resulta familiar 
Como dice uno de los personajes de la novela: el comportamiento colectivo de los seres humanos es previsible, el individual no. Ya veremos en qué desemboca el teatro electoral que nos ofrecen los políticos.

[asustadísimos]

[Después del voto CERA, el escenario frankenstein funciona en el Congreso incluso absteniéndose el PNV:

Dos ideas:

— para el sistema capitalista, dado el 'bonito 2024', es mejor para España el escenario frankenstein que el draculino; y

— hay un error común, no solo en la derecha sino también en las izquierdas españolas, en relación con los mandamases españoles, esa supuesta nobleza feudal-empresarial a la que tú y yo debiéramos rendir pleitesía; resulta que no están bien internacionalizados, es decir, no están alineados con el ser y estar de los cuarteles generales del sistema capitalista; rechinan, son anarcoides y están apegados al modelito popularcapitalista; son, pues, antisistema —porque es el sistema quien quiere el cambio de modelo—; España es un reducto pisitófilo creditófago; por ejemplo, nuestro mejor empresario es un industrial 'de políngono' y un pisitos —por no hablar del tendero abusón y del finolis holandés—, y tenemos desierto el puesto de mejor banquero porque los medios de comunicación no le perdonan a la banca de depósitos haber procedido tan eficazmente a la Operación Desagüe 2016-2018; sin embargo, tenemos a la 2.ª de a bordo del FMI, presidenta del Comité Monetario y Financiero Internacional, su órgano más importante; y a los presidentes de la Internacional Socialista y del Parlamento Europeo, precisamente, cuando la UE está en guerra porque quiere EEUU; también tenemos al 2.º de abordo del BCE, pero viene de una banco de inversión norteamericano, es del Opus Dei (protestantización de la iglesia católica) y no son de su gusto ni las escobas voladoras ni los barcos de narcos.]

[R.G.C.I.M.]

Se me permita una precisión:

No se dice "políngono";  lo correcto es "polígano".

Por mor de la buena lengua.

[asustadísimos]

[Al PP solo le queda intentar tamayos.]

[Benzino Napaloni]

El el sur también se estila "políngano". Será por gustos.

No creo que el PP intente tamayazos por la razón que sabemos aquí. Buena parte de sus votantes esperaba derogada la Ley de Vivienda y cualquier otro obstáculo al Pisito. Si Frijolito se mete ahora al poder, luego va a tener muy difícil explicar a sus votantes que Bruselas y los que ponen los dineros dicen "nein" a más veleidades pisitófilas. Como buen gallego, hará el paripé. Como mínimo hasta que se sepa si Sánchez gana la investidura o si vamos a repetición.

[Cadavre Exquis]

https://www.nytimes.com/2023/07/25/business/economy/technology-companies-office-space.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional-sabado/20230729/page/23/textview

Vivienda: incertidumbre total ya parálisis de la inversión tras el 23-J

Saludos.

[Cadavre Exquis]

https://www.diariovasco.com/politica/urkullu-pide-tiempo-reflexiones-pausadas-sobre-recurso-20230727150627-nt.html

Saludos.

[Cadavre Exquis]

https://www.diariovasco.com/economia/mercados/bce-sube-tipos-425-mayor-nivel-quince-20230727142257-ntrc.html

Saludos.

[Cadavre Exquis]

https://twitter.com/sninobecerra/status/1685230658841436160

Saludos.